Federal Reserve: Interest rate drop AGAIN
The Federal Reserve, whomever they are, lowered it's interest rate again today. They got all kinds of high falutin' reasons why they are doing it, but the fact is, that they are baling out their big time buddies at the big time banks. But thank goodness we don't have a socialist system where the government gets involved in private business.
What about savers? Aren't we supposed to be saving some money? Oh yeah, the federal reservists are trying to force all the money into the stock market, where they can control it. But in reality, this policy of lowering interest rates when our economy is tanking, inflation is bad, debt is high and out of control, is nothing more than an admission that our economy is in deep do do. All they are doing is continuing to devalue our money. That doesn't benefit anyone in America except for industrialists who are selling their goods and services cheap to foreign countries who have much stronger economies and currencies.
It's pretty disheartening when the people that control our money don't value it very highly. But then again, it's all part of making the U.S. akin to a third world country where our natural resources and labor are sold off cheap while most of the people live a less than affluent life.